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A Brief History of Money - 4000 Years of Markets, Currencies, Debt and Crisis (Hardcover)
Loot Price: R505
Discovery Miles 5 050
You Save: R109
(18%)
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A Brief History of Money - 4000 Years of Markets, Currencies, Debt and Crisis (Hardcover)
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List price R614
Loot Price R505
Discovery Miles 5 050
You Save R109 (18%)
Expected to ship within 9 - 15 working days
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What do cacao beans, cowrie shells, paper cards, cigarettes and
digital databases all have in common? At some time, they have been
used as a form of money. Money is an essential aspect of everyday
life and something that we usually take for granted until it all
goes wrong. This book traces the role, growth and impact of money
and finance on individuals, human civilisation and the type of
economy we live in. The financial history of the world reads like a
fascinating novel with innumerable twists and turns. We strive for
financial stability and security, yet this often proves
surprisingly ephemeral. Just as we hope we have reached a new
plateau of prosperity, the financial system has a habit of throwing
a spanner in the works, forcing us to change and adapt to new
circumstances. This book traces the financial system from its birth
as a credit system in ancient Mesopotamia, to the financial
revolutions of the 20th and 21st centuries. This is the story of
money, finance and economics but also its interaction with people,
governments and society. Why did the American forces desperately
try to destroy money during the American Revolution? Why do we tend
to succumb to boom and busts? And if inflation is bad, why is
deflation even worse? Also, the book looks at the effect money has
on ourselves. Does money make us irrational? Is money really the
root of all evil, or should we celebrate money for its potential to
create prosperity and overcome poverty?
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